This guide offers a clear overview of office space costs across London, making it easy to compare areas and find an office that fits your budget.
We break down these costs with insights from Hubble’s updated Q4 2024 dataset, covering thousands of workspaces in London and beyond.
Here are the London-wide averages for Full-Time and Part-Time Offices:
Full-Time Offices:
- Economical office space: £475 per desk per month
- Average office space: £619 per desk per month
- High-end office space: £794 per desk per month
Part-Time Offices:
- On-peak day (Tue-Thu): £167 per desk per month
- Off-peak day (Mon or Fri): £84 per desk per month
Keen for a deeper, area-by-area breakdown? Download Hubble’s quarterly rent guide!
- Key factors influencing office rental prices
- Cost of office rental in London by area
- The top 5 most expensive places to rent office space in London
- The top 5 cheapest places to rent office space in London
- Cost of office rental (UK averages)
Key factors influencing office rental prices
Several factors determine if an office lands in the ‘high-end’ or ‘low-end’ category:
- Amenities: Does it offer competitive perks like on-site gyms or basics like bike storage?
- Location: Is it close to transport, food, and entertainment or more remote?
- Renovations: Is the building freshly updated, or showing signs of age?
- Management Quality: Are reception and support teams reliable and community-focused?
Together, these factors add up to define the overall office ‘vibe’ — and they’re key to where the rental price lands.
Cost of office rental in London by area
London is a big place. The cost of office rental will vary widely depending on the area and your budget.
Below, we’ve broken down how much it’ll cost to rent office space across London:
East London (e.g. Old Street, Shoreditch, Stratford)
- £200-£915 per desk per month
City of London (e.g. Liverpool Street, Monument)
- £540-£920 per desk per month
North London (e.g. King’s Cross, Camden, Islington)
- £340-£1330 per desk per month
Midtown (e.g. Bloomsbury, Clerkenwell, Holborn)
- £535-£940 per desk per month
Southbank (e.g. Waterloo, London Bridge, Vauxhall):
- £165-£835 per desk per month
West End (e.g. Mayfair, Soho, Victoria)
- £345-£1125 per desk per month
West London (e.g. Knightsbridge, Paddington, Chiswick)
- £315-£1160 per desk per month
The top 5 most expensive places to rent office space in London
If you’d like to pay a premium for a prestigious address and highly-competitive facilities, here are the 5 most expensive places to rent office space in London:
The top 5 cheapest places to rent office space in London
Here are the 5 most budget-friendly places to rent office space in London, helping you discover cost-effective options that offer value without compromising on functionality:
Get a detailed breakdown with our Rent Guide!
We’ve updated Hubble’s London Rent Guide with all the market data we collected in Q4 2024!
Our guide breaks down prices for both full-time and part-time offices and gives a detailed breakdown to show you exactly how much office space costs in different locations across the UK.
We hope it helps companies better plan their next office move. Download your copy for free today!
